secwatch.observer — SEC 8-K summary
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Issuer:     Simpson Manufacturing Co., Inc. (SSD)
CIK:        0000920371
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001628280-25-058560
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simpson Manufacturing enters $900M credit facility: $600M revolver, $300M term loan
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- Second Amended and Restated Credit Agreement provides $600M revolving line and $300M term loan, both maturing in 5 years.
- Term loan proceeds refinanced existing indebtedness and paid fees; revolver available for acquisitions, working capital, and general needs.
- Financial covenants: max net leverage ratio of 3.50:1 (step-up to 4.00:1 for four quarters after qualifying acquisition), min interest coverage 2.50:1.
- Facility can be increased by the greater of $525M or 100% of consolidated EBITDA, subject to additional lender commitments.
- Applicable margin ranges from 0.00%-0.75% (Base Rate) to 0.65%-1.75% (SOFR/Eurocurrency), based on net leverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920371/000162828025058560/0001628280-25-058560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920371/000162828025058560/ssd-20251216.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-058560

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